Question

Talk about Future plans of Nestle company, its expansion, diversification. ( 200 words )

Answer 1

Nestle looks for wide range diversification into businesses like beverages, milk products, cigarettes, sanitizers, razors and shaving products to add its products depth and width.

Moreover targeting new territories and emerging markets is the ultimate strategy.

Overall strategy is to expand globally, pursue economies of scale, achieve inventory optimisation and capacities utilisation, efficiency and productivity through lean manufacturing, better emphasis on distribution and overall marketing spends to generate buzz.

Any successful business is run by teamwork as corporate management is like playing football where all players cojointly strive forward for common goal.

Starting with HR which forms crux of employment and widening and talent acquisition, employee engagement, talent spotting, reserving and growing talent, promoting talent, corporate governance, ethical management and industrial labor relations has the potential to build strongest base for organisations.

Financial team comprises of risk management and investment banking, accounting, payments, and legal and audit requirements.

Marketing teams handle sales, marketing, public relations, digital marketing, analytics, strategy development.

Operations team make up for supply chain management, logistics, purchase, procurement, maintenance, supervision and engineering.

IT forms technical and analytical support and cyber security rusk support.

Thus we see all teams are intee related and it is cross functionality that drives success. Eliminate any one function and whole organisation gets paralysed. If HR doesn't work the administration collapses. If Finance doesn't work out no marketing expenditure can be taken ahead. If Operations doesnt work there is no production nor sales.
If IT doesnt work there is no marketing and no payment mechanism.

Hence all functions are extremely important and independent. However in overall opinion Hr forms the base because HR function recruits people who are biggest stakeholders and any degradation or malfunctioning in HR can destabilise any organisation.

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